Elasticsearch clinches $10 million in Series A financing
Continuing the trend of many of its big data analytics counterparts, startup firm Elasticsearch has clinched $10 million in new financing, which it says it will use to expand the company to more locations and to support adoption of its analytics software.
Its software product, which is also called Elasticsearch, focuses on big data analytics and open source search.
Rod Johnson, one of the investors in the financing, called Elasticsearch, "a user-friendly product that can quickly search and extract information from massive amounts of data stored in the most complex distributed cloud environments."
One of Elasticsearch's main perks is its ability to extract information in real-time, which has made it attractive to businesses that need information quickly.
"Elasticsearch is designed specifically to tackle the challenge of searching billions of documents or events in real-time, and extracting information out of structured and unstructured data is in our sweet spot," said Shay Banon, CTO and co-founder of the firm, in the announcement about the financing.
- see the Elasticsearch press release
- see how Foursquare uses Elasticsearch
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